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What is Inco Terms about?
Incoterms® 2020 are standardized trade terms established by the International Chamber of Commerce to clarify the responsibilities of buyers and sellers in international transactions. They cover aspects such as delivery points, transportation risks, customs formalities, and associated costs. The document outlines various commonly used Incoterms, including EXW, FCA, FOB, CFR, CIF, CPT, CIP, DAP, DPU, and DDP, each defining specific responsibilities and risk transfers between parties.
- Author
- pdgmrc1975
- Language
- EN